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October 27, 2015

This is how cab aggregator "UBER" is marching ahead in the market
Uber is having yellow, green and yes service cabs and taxis for breakfast lunch and dinner. The chart from WSJ shows how " Uber has begun to disrupt this model

Uber Now is present across 63 countries across the world, out of which according to a Wall Street Journal post says that “an average 46 percent of all total paid car rides were through Uber” in major markets across the U.S. That’s a steep rise from a mere 15 percent in the first quarter of 2014. Meanwhile, the percentage of rides in taxis, limos and shuttles fell from 85 percent to 53 percent over the same period.

Looking back " the challenge which local mom and pop cab services "it seems is a grand old throwback to " newspaper vs internet days.. when the newspaper industry never really accepted the " fact that " new media can supplant them and make them" irrelevant. As web continued to dominate and penetrate new markets, gaining volume.... Consumers had already moved on from newspapers to news portals, specific niches ( tabloids) or online magazine subscription. And by the time the newspaper industry read the riot act... it was too late . and no little to be done anyways..The market had changed

Uber is now available in 58 countries and 300 cities worldwide, and recent estimates place its value in the region of $50bn. All of which rather leaves its competition with two choices… Adapt, or die.”